Extending Affordable Care Act Benefits and Tax Credits to Puerto Rico Residents.
This law extends key provisions of the federal health reform (ACA) to Puerto Rico. Residents will gain access to a structured Health Insurance Marketplace and become eligible for federal premium tax credits, significantly lowering the cost of purchasing health coverage. Additionally, insurers must adhere to standard federal consumer protection rules, such as the ban on denying coverage due to pre-existing conditions.
Key points
Establishment of a Health Insurance Exchange (Marketplace) in Puerto Rico, making it easier to compare and purchase health plans.
Puerto Rico residents become eligible for federal premium tax credits (subsidies) to reduce monthly insurance costs.
Implementation of federal consumer protection standards, including the prohibition of discrimination based on health status.
Introduced
Additional Information
Print number: 119_HR_6479
Sponsor: Rep. Soto, Darren [D-FL-9]